Indonesian Palm Oil News (IPO News), Jakarta — The name of Haji Abdul Rasyid is closely associated with the development of the palm oil industry in Central Kalimantan. Through Citra Borneo Indah (CBI) Group, the business he built has expanded from palm plantations into a broader business ecosystem covering downstream processing, maritime logistics, industrial estates, livestock, property, as well as research and development.

In its official profile, CBI states that PT Sawit Sumbermas Sarana Tbk (SSMS) manages 23 plantations covering a total area of 115,881 hectares, producing approximately 1.8 million tons of fresh fruit bunches (FFB) annually, with productivity of around 27 tons per hectare. CBI also states that its plantation operations have obtained RSPO and ISPO certifications.

However, developments in 2026 show that the scale of Haji Abdul Rasyid’s business ecosystem can no longer be measured simply by plantation acreage.

94,963 HECTARES OF PLANTED AREA

Based on IPO NEWS’ analysis of SSMS operational data and developments through the first half of 2026, one of the key figures to watch is the company’s planted area. The latest available data indicate that SSMS has approximately 94,963 hectares of planted area, with an average plantation age of around 15.8 years. The plantation base is supported by 10 palm oil mills with a combined processing capacity of approximately 670 tons of FFB per hour.

In the first half of 2026, SSMS’ own estate FFB production reached approximately 1 million tons, representing growth of around 25% compared with the same period of the previous year. These figures illustrate that the strength of the upstream business lies not only in the size of the land bank, but also in its ability to convert plantation assets into FFB, crude palm oil (CPO) and palm kernel production.

With its plantation base, mill network and productivity, SSMS has become one of the key foundations of the palm oil ecosystem connected to CBI Group.

FROM PLANTATIONS TO DOWNSTREAM INDUSTRY

Another important feature of the ecosystem is the connection between upstream plantations and downstream processing. SSMS has a strong relationship with PT Citra Borneo Utama Tbk (CBUT). Based on company information and publicly available data, the SSMS group holds approximately 78.2% of CBUT.

CBUT operates in the palm oil processing industry, with refinery and fractionation facilities as well as a Kernel Crushing Plant (KCP). Its existing facilities include approximately 2,500 tons per day of refinery and fractionation capacity and around 600 tons per day of KCP capacity. Its products include RBD palm oil, palm olein, palm stearin, PFAD, crude palm kernel oil and palm kernel expeller.

CBI itself lists CBU’s processing capacity at approximately 850,000 tons per year, while its KCP capacity is around 180,000 tons per year.

This means the business chain has moved well beyond FFB production, extending through CPO and palm kernel processing into downstream palm-based products.

DOWNSTREAM DEVELOPMENT BECOMES INCREASINGLY IMPORTANT

Entering 2026, downstream development has become an important part of the ecosystem’s growth direction. CBUT is also strengthening its refinery and fractionation capacity. The expansion is expected to increase the company’s ability to process palm-based products and create greater opportunities for higher-value downstream products.

IPO NEWS’ analysis indicates that the direction is increasingly clear: strengthening control over raw materials upstream while expanding processing capabilities downstream.

Under this model, the economic value of palm oil does not stop when FFB enters a palm oil mill and is converted into CPO. The CPO can subsequently be processed into a broad range of refined oils and other derivatives for domestic and international markets.

FIRST HALF 2026 PERFORMANCE

These developments have taken place alongside solid performance by SSMS in the first half of 2026. As of June 2026, SSMS recorded revenue from contracts with customers of approximately Rp9.65 trillion, representing growth of 36.5% from the same period of the previous year. Profit attributable to owners of the parent entity reached approximately Rp904.4 billion, an increase of around 30.8%.

Meanwhile, based on IPO NEWS’ analysis of available operational data, growth in own-estate FFB production was one of the important components supporting SSMS’ business development during the first half of 2026.

Own-estate FFB production of around 1 million tons, supported by 10 palm oil mills and downstream processing facilities, demonstrates the length and integration of the group’s value chain.

MORE THAN A PALM OIL BUSINESS

Interestingly, the ecosystem built by Haji Abdul Rasyid extends beyond plantations and palm oil processing. CBI’s corporate profile identifies seven integrated business segments: palm plantations, downstream industries, maritime logistics, industrial estates, livestock, property, and research and development.

In the maritime logistics sector, PT Pelayaran Lingga Marintama operates 22 vessels. In the industrial estate business, PT Surya Borneo Industri manages an area of approximately 137.19 hectares. Meanwhile, PT Sulung Ranch has developed an integrated cattle and oil palm model on approximately 95.94 hectares, with a cattle population of more than 7,000 head. CBI also operates the Sulung Research Station, which develops plantation technologies based on IoT and artificial intelligence.

This diversification demonstrates that palm plantations have become one of the central components of a much broader business ecosystem.

HOW LARGE IS THE ECOSYSTEM?

IPO NEWS’ analysis shows that the scale of Haji Abdul Rasyid’s business ecosystem cannot be accurately measured by plantation acreage alone. At least four layers need to be considered.

First, the plantation base, with tens of thousands of hectares of planted area and an extensive plantation network.

Second, the processing infrastructure, through palm oil mills that convert FFB into CPO and palm kernels.

Third, the downstream industry, through CBUT, which processes CPO and its derivatives into a range of value-added products.

Fourth, the supporting businesses, ranging from maritime logistics and industrial estates to livestock, property, research and technology.

The strength of the ecosystem therefore lies not only in the size of its plantations, but also in how these different business segments are connected.

FROM CENTRAL KALIMANTAN TO BROADER MARKETS

The development of CBI, SSMS and CBUT in 2026 illustrates an important pattern in Indonesia’s palm oil industry: strengthening the upstream business while simultaneously deepening downstream integration. Plantations produce FFB. Palm oil mills process FFB into CPO and palm kernels. Downstream facilities then transform these products into refined oils and other derivatives. At the same time, logistics, industrial estates, livestock and research provide support for the broader ecosystem.

This is what makes Haji Abdul Rasyid’s business journey particularly noteworthy. From its plantation base in Central Kalimantan, the ecosystem has developed into a network connecting plantations, palm oil mills, CPO, downstream industries, logistics, livestock, industrial estates and technology.

For IPO NEWS, this development demonstrates that the scale of a modern palm oil group can no longer be measured simply by how many hectares of plantation it manages, but also by how extensive a value chain it has built from upstream to downstream.

Muslim M. Amin
Editor in Chief
Indonesian Palm Oil News (IPO NEWS)

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